Yangzijiang Shipbuilding HEFFX Highlights: moving up to 1.45

Yangzijiang Shipbuilding HEFFX Highlights: moving up to 1.45

Yangzijiang Shipbuilding (Holdings) Ltd. is a China-based investment holding company. The Company is also engaged in provision of agency service for shipbuilding and related activities. The Company’s segments include shipbuilding segment, investment segment, trading segment and other. The shipbuilding segment is engaged in shipbuilding, offshore marine equipment construction and ship design. The investment segment consists of micro-financing and investments in held-to-maturity financial assets. The trading segment consists of trading of goods. Other segments include ship demolition, vessel owning companies and property development. Its subsidiaries include Shipbuilding Co., Ltd., Jiangsu New Yangzi Shipbuilding Co., Ltd., Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., SEAVI Advent Asia Investments (III) Ltd., Baoling Investments Pte. Ltd., Pleasant Way Analyse Development Ltd., CS Marine Technology Pte. Ltd. and Jiangsu Zhongzhou Marine Equipment Co., Ltd., among others.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 1.44.

The projected lower bound is: 1.32.

The projected closing price is: 1.38.

YANGZIJIANG SHIP closed down -0.020 at 1.380. Volume was 51% above average (neutral) and Bollinger Bands were 32% narrower than normal.

OpenHighLowCloseVolume
1.41.41.351.3829,865,300

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages:10-period 50-period200-period
Close:1.441.351.16
Volatility:242851
Volume:23,089,72018,431,06624,636,646

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

YANGZIJIANG SHIP is currently 18.9% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of YAZG.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on YAZG.SI and have had this outlook for the last 0 periods.

Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 25.9259. This is not an overbought or oversold reading. The last signal was a sell 4 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 44.42. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 17 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -156.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 4 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 2 white candles and 6 black candles for a net of 4 black candles. During the past 50 bars, there have been 19 white candles and 24 black candles for a net of 5 black candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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